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National Exchange Co. Vs. I. B. Dexter 051 Phil 601

THE NATIONAL EXCHANGE CO., INC., plaintiff-appellee, vs. I. B. DEXTER, defendant-appellant.

G.R. No. 27872 | 1928-02-25

D E C I S I O N


STREET, J.:

This action was instituted in the Court of First Instance of Manila by the National Exchange Co., Inc., as assignee (through the Philippine National Bank) of C. S. Salmon & Co., for the purpose of recovering from T. B. Dexter a balance of P15,000, the par value of one hundred fifty shares of the capital stock of C. S. Salmon & Co., with interest and costs. Upon hearing the cause the trial judge gave judgment for the plaintiff to recover the amount claimed, with lawful interest from January 1, 1920, and with costs. From this judgment the defendant appealed.
It appears that on August 10, 1919, the-defendant, I....